PNG Economics Bulletin

MARAPE: PORGERA TO OPEN IN APRIL 2022

by PNG Business News -December 08, 202

According to Prime Minister James Marape, the multi-billion kina Porgera mine will reopen in April of next year.

He said that Papua LNG, P’Nyang, and Wafi-Golpu, the country’s three main significant resource projects, were “on track.”

The government also aims to “finish off” the Pasca A oil and gas project.

“For Porgera, work to restart (the mine) has happened and we are looking at April 2022,” Marape said.

“For P’Nyang, we brought it back on the table and it’s pretty much in advanced discussions with the SNT (state negotiating team).”

He stated that the government wants more “for our resources.” “The industries respect what we want, even in the context of existing law,” he said.

“The push to get back more for our resources remain very much active on the table.

“We are trying to synchronise P’Nyang with the Papua LNG.

“Papua is moving ahead. They will be going into feed next year and hopefully by 2024, they go into FID and construction later on.

“We are trying to ride P’Nyang on the back of Papua. If the two constructions are sequenced properly, this country will see the benefit of six, seven or eight years of construction activities.”

He stated that negotiations with landowners and the Morobe administration on Wafi-Golpu will continue shortly.

Reference:  Pacific Mining Watch (6 December 2021). “PNG’s Porgera Mine to Open in April, 2022 : Marape”.

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